Hedge fund Brevan Howard cashes in on popularity

Reuters – Investors desperate to get exposure to Brevan Howard’s Master fund, one of the world’s biggest and top-performing hedge funds, are piling into a fund giving them only partial exposure to the secretive firm’s flagship portfolio.

The Brevan Howard Multi-Strategy Master Fund – which invests in the group’s $27 billion flagship Master fund and other, smaller strategies – has grown to more than $2.3 billion from around $1.1 billion last September, data seen by Reuters shows.